The Marq•Paterson Hill•Singapore Condominium

27/06/2014

August 2013 The Marq on Paterson Hill Sales Transactions

1 Aug 2013 | Paterson Hill | Condominium | 3089sqft | $12,500,000 ($4046psf)

27/06/2014

July 2012 The Marq on Paterson Hill Sales Transactions

16 Jul 2012 | Paterson Hill | Condominium | 6308sqft | $30,400,000 ($4820psf)

27/06/2014

September 2012 The Marq on Paterson Hill Sales Transactions

17 Sep 2012 | Paterson Hill | Condominium | 3089sqft | $15,200,000 ($4920psf)

27/06/2014

November 2011 The Marq on Paterson Hill Sales Transactions

18 Nov 2011 | Paterson Hill | Condominium | 3003sqft | $20,542,400 ($6840psf)

27/06/2014

Paterson Hill fifth most expensive street in the world
Even staying in New York’s famed Fifth Avenue is cheaper

It’s surprising but true: We are now more exclusive than New York’s Upper East Side.

One square metre in Paterson Hill, that little stretch behind Orchard Road, costs US$14,500 (or approximately S$18,000) more than the same space on Fifth Avenue. That makes Paterson Hill the fifth most expensive street in the world, with an average price of US$42,500 or S$53,800 per square metre, according to a study by Billionaire.com (a lifestyle resource site for high net worth individuals) using data provided by real estate consultancy Knight Frank.

We don’t know if it’s due to the rareified air up there on this tiny hill or the fact that Facebook’s Eduardo Saverin lives there. This places Paterson Hill far above New York’s Fifth Avenue (that’s in ninth place) and Avenue Montaigne in Paris (10th place).

Well, we suppose we can take comfort that Hong Kong topped this list with Pollock’s Path costing an average of US$120,000 per square metre. Then again, it’s not located at The Peak for nothing.


Here are the top 10 most expensive streets in the world:

1. Pollock’s Path, The Peak, Hong Kong
Average price per square metre: US$120,000 (S$150,000)

2. Kensington Palace Gardens, London, United Kingdom
Average price per square metre: US$107,000 (S$133,000)

3. Avenue Princesse Grace, Monaco
Average price per square metre: US$86,000 (S$107,000)

4. Boulevard du General de Gaulle, Cap Ferrat, France
Average price per square metre: US$79,000 (S$98,238)

5. Paterson Hill, Singapore
Average price per square metre: US$42,500 (S$53,800)

6. Chemin de Ruth, Geneva, Switzerland
Average price per square metre: US$37,000 (S$46,000)

7. Romazzino Hill, Sardinia
Average price per square metre: US$32,900 (S$41,000)

8. Ostozhenka, Moscow, Russia
Average price per square metre: US$29,000 (S$36,000)

9. Fifth Avenue, New York, United States
Average price per square metre: US$28,000 (S$35,000)

10. Avenue Montaigne, Paris, France
Average price per square metre: US$26,000 (S$32,000)


Source: Today Online

https://www.facebook.com/marq.paterson.hill.singapore

SINGAPORE – It’s surprising but true: We are now more exclusive than New York’s Upper East Side. One square metre in Paterson Hill, that little stretch behind Orchard Road, costs US$14,500 (or approximately S$18,000) more than the same space on Fifth Avenue. That makes Paterson Hill the fifth most e…

27/06/2014

Paterson Hill is world's 5th most expensive street
Hong Kong's Pollock's Path tops the list compiled by Billionaire.com

SINGAPORE'S Paterson Hill has been ranked the world's fifth most expensive street, with an average price of US$42,500 per square metre, or $4,998 per square foot (psf).

The most expensive condominium on this road, The Marq, achieved a record price of $6,850 psf for a 3,003 sq ft unit in November 2011, for a total purchase price of about $20.5 million.

Prices along the road, which is located in District 9 close to Orchard Road and various international schools, have jumped 6.5 per cent in the last year, though this is largely due to the stronger Singapore dollar.

Topping the list in a Billionaire.com report yesterday was Hong Kong's Pollock's Path, with its panoramic harbour view from The Peak, the highest point on Hong Kong island. It has an average price of US$120,000 psm, or US$11,148 psf.

The mountain has long been the stomping ground of Hong Kong's super-rich, and chic new developments on this winding path have pushed prices up by 10 per cent over the past year.

One of these was Skyhigh, a development at number 10-18 Pollock's Path and developed by Hong Kong celebrity Stephen Chow. Apartment No 10 sold for a record HK$800 million (S$128.3 million) two years ago.

In second place on the list was Kensington Palace Gardens in London, followed by Avenue Princesse Grace in Monaco and Boulevard du Général de Gaulle in Cap Ferrat, France.

The report showed that real estate on the world's most prestigious streets to be in demand despite economic uncertainty and unstable property markets elsewhere. Some of the property continue to change hands for high price tags, it said.

"The appeal of super-prime property has rarely been higher," said Liam Bailey, head of residential research at Knight Frank, which provided the data for the report.

"Rising demand for the best properties in the best locations has been set against tight demand, with limited new supply and discretionary owners who seldom feel compelled to sell."


Source: The Business Times

https://www.facebook.com/marq.paterson.hill.singapore

Paterson Hill is world's 5th most expensive street - SINGAPORE'S Paterson Hill has been ranked the world's fifth most expensive street, with an average price of US$42,500 per square metre, or $4,998 per square foot (psf).. Read more Property news at The Business Times.